Meitav Investment House Ltd. Sells 1,148,817 Shares of ICL Group Ltd. $ICL

Meitav Investment House Ltd. lowered its position in shares of ICL Group Ltd. (NYSE:ICL) by 4.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,007,302 shares of the basic materials company’s stock after selling 1,148,817 shares during the period. ICL Group comprises about 2.3% of Meitav Investment House Ltd.’s portfolio, making the stock its 11th biggest position. Meitav Investment House Ltd.’s holdings in ICL Group were worth $168,801,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ICL. Evergreen Capital Management LLC boosted its stake in shares of ICL Group by 36.7% during the third quarter. Evergreen Capital Management LLC now owns 49,616 shares of the basic materials company’s stock valued at $311,000 after purchasing an additional 13,310 shares in the last quarter. Greenleaf Trust acquired a new stake in ICL Group during the 3rd quarter worth approximately $74,000. CWA Asset Management Group LLC boosted its position in ICL Group by 1.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 1,606,506 shares of the basic materials company’s stock worth $10,059,000 after buying an additional 29,490 shares during the period. Ethic Inc. grew its holdings in ICL Group by 55.5% during the 3rd quarter. Ethic Inc. now owns 21,534 shares of the basic materials company’s stock worth $134,000 after acquiring an additional 7,684 shares during the last quarter. Finally, Blue Trust Inc. increased its position in ICL Group by 10.0% in the 3rd quarter. Blue Trust Inc. now owns 34,594 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 3,132 shares during the period. 13.38% of the stock is currently owned by institutional investors.

ICL Group Trading Down 3.4%

NYSE:ICL opened at $5.34 on Friday. ICL Group Ltd. has a 12 month low of $4.85 and a 12 month high of $7.35. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 18.41 and a beta of 0.97. The firm has a fifty day simple moving average of $5.38 and a two-hundred day simple moving average of $6.06.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.95 billion. ICL Group had a net margin of 5.23% and a return on equity of 7.24%. Analysts expect that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, December 2nd. ICL Group’s dividend payout ratio is presently 48.28%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a research note on Monday, December 29th. Wall Street Zen cut ICL Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays cut their price objective on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, ICL Group presently has an average rating of “Hold” and an average target price of $6.23.

ICL Group Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.